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Fidelity Retirement Portfolio Distribution 2020

I don’t consider myself a financial advisor or expert, but I’ve been trading stocks for over a decade and wanted to delve into mutual funds with my retirement portfolio. Most of my colleagues picked a “target date” (of retirement), and allocate their entire portfolio to a single mutual fund blended with domestic/international assets, bonds, etc. Instead, I wanted to play around with a more aggressive approach.

Invest equally across the four following assets: Fidelity® Contrafund® K (FCNKX), Fidelity Freedom® 2050 K (FNSBX), Fidelity® 500 Index (FXAIX), and Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX). At the time of this writing, here’s a breakdown:

Drop me a comment with your thoughts or any financial recommendations!

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4 Comments

  1. Hi Rishi; I hope this finds you well,

    I don’t know much about fidelity retirement and I’m sorry that this may be a little irrelevant to your article, but I was wondering if you could give me some financial advice.

    I’m about to start residency and am going to consolidate my financial aid loans. I am looking into the Public Service Loan Forgiveness Program where basically you make 120 months of income-driven payment(around 10-15% of wages per month) and whatever balance is remaining is forgiven at the end of the 10 year period IF you work for either a government or non-profit hospital(which in my research seems to be the vast majority of hospitals that have residency programs>>academic attending). Hence, the public service loan forgiveness program seems advantageous for those who are looking to be in post graduate medical training for a long time-long residency/fellowships… I am intending to pursue a dual CCM/CTA fellowship like you(not saying i’ll get into them though or change paths once residency actually starts… but for discussion sake) which would be 6 years, and then I work for 4 years at a county/Non-profit hospital and stay or leave afterwards.

    What concerns me however is if I will be able to obtain a job in academics after residency-fellowship training. Are there a lot of openings/super competitive to get an academic job? I’m scared to sign up for the public service loan forgiveness program and then after 6 years of training find out that there aren’t any open positions to be brought on as an academic anesthesiologist/intensivist, which means going the private practice route and consequently breaking the public service loan forgiveness program(trying to find out what the consequences are should that happen as well). But anyhow, since you are indeed an academic anesthesiologist-intensivist I was wondering if you could shed some light on this issue. Thank you always for your time and help.

    -Paul

    1. Hey Paul! Admittedly, I don’t know much at all about loan forgiveness programs and the “hidden” things to watch out for. I know that these days, fellowships are sort of an unspoken requirement to land jobs at large, tertiary academic centers. With that said, having a dual ICU/cardiac anesthesiology background will help you stand out tremendously across the board although there is something to be said about the rigorous opportunity cost of additional training beyond residency. Obviously I’m biased, but I don’t regret my path in the least.

  2. S&P 500 index fund all the way…
    Yes you will make greater returns with individual stock picking in the short term but you will also have greater losses over the long term. Take the best stock pickers in the industry and put them up against the S&P 500 and they will lose.

    Warren Buffett already did it.
    https://www.investopedia.com/articles/investing/030916/buffetts-bet-hedge-funds-year-eight-brka-brkb.asp

    That being said trading individual stocks and different markets is an exciting and interesting hobby. If you treat it as such and not a retirement plan by all means enjoy!

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